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Jan 15, 2013
01/13
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nonetheless, steve wynn has put a lot of resources into macau, the vegas of china. things are getting better over there. i think wynn's a buy. then there's companies like boeing, which rallied despite terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can even consider dell part of this trend. yes, dell, the big service company that has been hurt by this rapid expansion at a time when no one trusted overseas markets. now dell might actually go private. ♪ hallelujah and it would make sense because half of dell's revenue comes from overseas. big companies with exposure to europe is doing terrifically. both have been kept back by worries. both ceos have said over and over, it's an issue. how about ford and general motors? have you seen these two? ford may have the best chart in the book. it's screaming. company doubled its dividend and getting european losses under control while china and latin america turned the c
nonetheless, steve wynn has put a lot of resources into macau, the vegas of china. things are getting better over there. i think wynn's a buy. then there's companies like boeing, which rallied despite terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can even consider dell part of this trend. yes, dell, the big service company that has been...
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Jan 15, 2013
01/13
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>> i agree with steve. health care as a whole is one of the best stocks to be in but i disagree with j&j over pfizer and if you look at the charts you'll see what i mean. j&j has had a nice uptrend and it has had trouble breaking out above the october high so the october high was around 72, 75ish. it hasn't been able to get up there convincing which whereas if we look at pfizer in contrast you'll see that pfizer has been able to convincingly break out about the october highs showing more strength from the buyers and that's why i like it technically. >> i do think that's an important point. also, let's remember. even though pfizer has done better and most phrma has done better. j&j did print a three-year high so a post-crisis high so it's doing very well itself. the reason it has done, underperformed other pharma, has been patent expiration, a victim of some very serious and profitable drugs hitting a patent cliff, as it were. >> but that's not going away, right, steve? >> it is. it's largely behind johnson
>> i agree with steve. health care as a whole is one of the best stocks to be in but i disagree with j&j over pfizer and if you look at the charts you'll see what i mean. j&j has had a nice uptrend and it has had trouble breaking out above the october high so the october high was around 72, 75ish. it hasn't been able to get up there convincing which whereas if we look at pfizer in contrast you'll see that pfizer has been able to convincingly break out about the october highs...
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Jan 23, 2013
01/13
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david: steve jobs, i know it is unfair to compare him to steve jobs but hey, you have to compare him with his predecessor. steve jobs was always a leader. his products were always leading the market. wasn't so much what was in it. everybody had access to the stuff and chips and everything in it. it was the product he brought forth that was so different that led the market. a lot of people see tim cook as a follower, not a leader. is that a fair or unfair comparison? >> i think that's, i think that could be a fair comparison. certainly each investor has to make their own opinion. i do think it is too early to seal the tim cook legacy based on one quarter miss and certainly a little bit over a year after his death. you know i think innovation can still come back with this company. 47, 48 million units of iphones sales may be a couple million lighter than consensus and not in that range but certainly not a disasterous number by any means. it is still a very popular product. sandra: you're certainly trying to find the silver lining in all of this. we go to shibani and she is looking thro
david: steve jobs, i know it is unfair to compare him to steve jobs but hey, you have to compare him with his predecessor. steve jobs was always a leader. his products were always leading the market. wasn't so much what was in it. everybody had access to the stuff and chips and everything in it. it was the product he brought forth that was so different that led the market. a lot of people see tim cook as a follower, not a leader. is that a fair or unfair comparison? >> i think that's, i...
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Jan 23, 2013
01/13
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now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so you don't want to fight that liquidity. >> earnings don't matter then? >> earnings do matter. i think probably revenue will matter a lot more than earnings by the end of 2013. earnings matter and fundamentals matter but the backdrop is we know what we think may not be relevant or what bernanke thinks is relative, he'll keep this a liquid environment for the foreseeable future. >> jim bianco, earnings matter. steve's liked to the earnings so far
now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like...
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Jan 16, 2013
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. >> steve grasso, you've been in the casino name. what is your fave? >> i've been waiting for a pull back to buy wynn. it is overbought here. i'm waiting but i don't know if i'm going to get the chance. i might see 130 before then but i would be a buyer in the teens, 118 down to 11 a. >> jane? >> all right. julia borsen called it yesterday. when face tbook announced its n, whatever it is, she suggested that yelp might suffer because people would rather get restaurant recommendations from friends than strangers. and sure enough, today yelp shares were down more than 1%. >> tim? >> we talked about that, in fact, you got in my grill last night. >> i didn't get in anybody's grill. >> i thought the release had to be so sky opening that it was going to seize the death nel for guys like google -- not google, but yelp and guys that are part of the social network where people can do this on facebook. >> all right jane. >> all right, finally, it is my favorite day of the year, january 16th, today is national do nothing day. which is what they do 365 days a year
. >> steve grasso, you've been in the casino name. what is your fave? >> i've been waiting for a pull back to buy wynn. it is overbought here. i'm waiting but i don't know if i'm going to get the chance. i might see 130 before then but i would be a buyer in the teens, 118 down to 11 a. >> jane? >> all right. julia borsen called it yesterday. when face tbook announced its n, whatever it is, she suggested that yelp might suffer because people would rather get restaurant...
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Jan 15, 2013
01/13
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steve died in october 2012 and it was just about one year. you really have to ask where is the creativity? the genius of steve jobs, who was able to reconcile conflicting opinions within apple, so one can't would say this, one can't would say that, this is the way it will be. his gut were always right on the mark. david: they have a lot of cash, over $100 million, huge amount of cash they have, can't they put that together to come up with some new innovative thing that will take the market by storm? >> here is the fundamental issue, david. tim cook may be the world's best big company operations guy. chief operating officer under steve jobs, now he is the ceo. for all the virtues, and they are many, the thing he doesn't really have is the confidence to bet big on this product or that product. there is a lot of conflict and cross is going on inside of apple right now. david: finally, this is a huge stock story as well, moving the market. what this stock has done. the big battle, i guess you saw it, thinking it was a buy at current levels, sayin
steve died in october 2012 and it was just about one year. you really have to ask where is the creativity? the genius of steve jobs, who was able to reconcile conflicting opinions within apple, so one can't would say this, one can't would say that, this is the way it will be. his gut were always right on the mark. david: they have a lot of cash, over $100 million, huge amount of cash they have, can't they put that together to come up with some new innovative thing that will take the market by...
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Jan 19, 2013
01/13
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maybe this was going on with steve jobs and i wasn't paying attention. >> yeah. neil: there is not a lot of there there, or as much there as there used to be. >> look everything liz and rob has said is true but, in my opinion way overblown. i would compare this to the position that the united states was in after world war two when we had something like, i don't know, 50 or 70% of the world's gdp. that wasn't going to last. apple's position in smart phones and tablets and computer isn't going to last. there are going to be others. that doesn't mean they're not coolnymore. doesn't mean they're not profitable anymore. by the way, we're going to measure them not on whether or not they come out with the next cool smartphone which they led five, six years ago but whether or not they come out with the next cool thing. so it's been about three years since their last cool thing. that was the ipad. >> what is that cool thing? apple tv, the margins there will be really, really thin to make money off of apple tv. listen i spent a lot of time on forums and apple blogs and tal
maybe this was going on with steve jobs and i wasn't paying attention. >> yeah. neil: there is not a lot of there there, or as much there as there used to be. >> look everything liz and rob has said is true but, in my opinion way overblown. i would compare this to the position that the united states was in after world war two when we had something like, i don't know, 50 or 70% of the world's gdp. that wasn't going to last. apple's position in smart phones and tablets and computer...
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Jan 15, 2013
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when steve's working out, he's probably working out in $125. i don't think they have competition out there. i think this is an overselloff in the stock, gets back above the 2. the day will be long. >>> two stocks traveling at all-time highs. we'll play a little hold 'em, fold 'em when we come back. >>> sometimes it is tough to buy the lose errers. it is trading at a 52-week high. weiss. >> we talked about it before in terms of hold 'em or fold 'em. i said hold 'em. we have a fundamental shift where the government is going to pay if you go into the hospital. usage is going up dramatically, plus the company has been doing a great job. hold it. it's going higher. >> murphy, they're trading at levels they've not seen since september, 2008, highest level in four years. >> i think when you look at this name, you have to look at what they're doing. i think you're going have a shortage for food in the very near future with monsanto. monsanto is a name you should old. you should definitely buy it. >> all right. >> we are just minutes away from facebook'
when steve's working out, he's probably working out in $125. i don't think they have competition out there. i think this is an overselloff in the stock, gets back above the 2. the day will be long. >>> two stocks traveling at all-time highs. we'll play a little hold 'em, fold 'em when we come back. >>> sometimes it is tough to buy the lose errers. it is trading at a 52-week high. weiss. >> we talked about it before in terms of hold 'em or fold 'em. i said hold 'em. we...
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Jan 23, 2013
01/13
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. >> jeff, how much of this has to do with -- i saw one of your tag lines for steve jobs. when he died, it was known in the pipeline we had 18 months still left of apple ideas. how much do you think people are just saying it's over? >> i think it sort of is over. we talked about this in november when i said, you know, what's good to be next? you come out with iphones and hot flashy colors? i think they're actually doing that. i think they're coming out with the tooty fruity one. i said that facetiously. if that's your idea of innovation, tuti fruity colors instead of black and white, i think it's over. >> if we close below 480, we could see 425 quickly and you said you think it's ultimately going lower. what are your guesses on that? >> oh, i don't know. probably somewhere in the 300 zone, ultimately, would be a sensible place. it would be cheap there, probably. we have to see how the world economy looks and everything else about the company. but that's the level where it's really cheap. >> and the huge cash stockpile? $137 billion, a lot of that value investors will say t
. >> jeff, how much of this has to do with -- i saw one of your tag lines for steve jobs. when he died, it was known in the pipeline we had 18 months still left of apple ideas. how much do you think people are just saying it's over? >> i think it sort of is over. we talked about this in november when i said, you know, what's good to be next? you come out with iphones and hot flashy colors? i think they're actually doing that. i think they're coming out with the tooty fruity one. i...
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Jan 18, 2013
01/13
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our steve liesman with the story. steve, this took you by surprise, huh? >> reporter: there were some really interesting comments on there, the release of the fed transcript five years afterwards, and what's clear from the monumental meetings of the fed in 2007 is we know now if we didn't already that jim cramer was right. the fed really did have no idea how bad it was out there. listen to this. >> bernanke is being an academic. he has no idea. >> cramer. >> i've talked to the heads of almost every single one of these firms in the last 72 hours and he has no idea what it's like out there, none! sunshine credibly four days after it was apparent to cramer what was going on, bill dudley, the head of the new york's operations desk said at a meeting, quote, we've done quite a bit of work trying to identify some of the funding questions surrounding bear stearns, countrywide and there's been some strain but looks like there's nothing imminent in those areas. to be fair, dudley would eventually become a leading advocate of extraordinary fed policies. both of those
our steve liesman with the story. steve, this took you by surprise, huh? >> reporter: there were some really interesting comments on there, the release of the fed transcript five years afterwards, and what's clear from the monumental meetings of the fed in 2007 is we know now if we didn't already that jim cramer was right. the fed really did have no idea how bad it was out there. listen to this. >> bernanke is being an academic. he has no idea. >> cramer. >> i've talked...
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Jan 23, 2013
01/13
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this morning the former head of palm told reuterses that then-apple ceo steve jobs actually threatened to hit palm with expensive patent suits if it kept hiring apple executives. it's easy to forget it wasn't that long ago palm actually worried apple. they were very early to smartphones and nabbed a number of very talented apple leaders. back to you. >> scott mcgrew, thank you very much. >> thank you. >>> first came the fire and then the ice. >> that's right. this is what the weather caused. a chicago warehouse gutted by flames now just looks like an ice castle. it was so cold when firefighters were dousing the abandoned warehouse with water and it turned into ice instantly. this happened last night in chicago. a five-alarm fire ripping through the building. temperatures dipping to a below freezing 10 degrees. so the wind chill even colder out there in chicago. it looks like they poured snow over it. >> i have never seen anything like that before. >> bizarre, crazy. >>> you were calling for rain and you called it. >> you look at scenes like that and we really don't have much to tell yo
this morning the former head of palm told reuterses that then-apple ceo steve jobs actually threatened to hit palm with expensive patent suits if it kept hiring apple executives. it's easy to forget it wasn't that long ago palm actually worried apple. they were very early to smartphones and nabbed a number of very talented apple leaders. back to you. >> scott mcgrew, thank you very much. >> thank you. >>> first came the fire and then the ice. >> that's right. this is...
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Jan 17, 2013
01/13
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steve liesman has more on that. steve. >> the questions are not easy. they again into sell mandics and have everything to do with if the debt ceiling is solved, and if only for investors, the most important part, what's the economic impact? let's look at some of the rhetoric. the debt ceiling, is it a real tragedy or soap opera? what we have done is graduate the screen from blue over to red, democrat ideas on this side, red on this side. democrats right now hitting the debt ceiling, not raising it. so some republicans say it's manageable. on that issue carl mentioned of default, any missed government employees, that would constitute a default. others are say no, no, we're not paying off the debt itself, that's what default is. on another critical issue, could the government prioritize its payments, take the payments, the cash that's coming in and use it to pay a certain number of things? on this side,ed article mrgs is saying no authority to prioritize, and no ability, and the treasury have different payment systems. republicans say yes, and in fact the
steve liesman has more on that. steve. >> the questions are not easy. they again into sell mandics and have everything to do with if the debt ceiling is solved, and if only for investors, the most important part, what's the economic impact? let's look at some of the rhetoric. the debt ceiling, is it a real tragedy or soap opera? what we have done is graduate the screen from blue over to red, democrat ideas on this side, red on this side. democrats right now hitting the debt ceiling, not...
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Jan 15, 2013
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steve, do you think that in the short term or longer term this threatens the economy? >> i think it's a problem. i think not enough people are saving enough money for retirement. now, you know, there's really two different questions, maria. are people doing the right thing, doing what they have to do to get by? you know, that you understand, and maybe what lindsey is also suggesting it s it's not a terrible way to borrow money to maintain your standard of living if you believe that you're going through a temporary downturn in your income to bridge the gap. people do that all the time, and there's an interesting question among economists that really has to do with whether or not people are fundamentally rational or irrational. this seems to me like a rational short-term bridge. as a long-term proposition we know, maria, people are not saving enough. we also know that ultimately social security is going to come under a lot of pressure and they can't rely upon it. so as a long-term strategy it's a disaster. as a short-term strategy and if you're talking to individual peop
steve, do you think that in the short term or longer term this threatens the economy? >> i think it's a problem. i think not enough people are saving enough money for retirement. now, you know, there's really two different questions, maria. are people doing the right thing, doing what they have to do to get by? you know, that you understand, and maybe what lindsey is also suggesting it s it's not a terrible way to borrow money to maintain your standard of living if you believe that you're...
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Jan 23, 2013
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. >> steve weiss? >> you know, the stock has come down, as you point out, but apple is not without blame here in terms of the decline in the stock. there aren't that many companies that miss three out of five quarters that hold an all-time high price. but one issue i'd like you to address, as john pointed out, what apple gets in terms of subsidies is far above, almost 50% what a better selling phone gets from the phone companies. and verizon was very vocal and has been as is at&t about cutting back on that subsidy. with other companies picking up more share, doesn't apple have less of a stand to say we want to keep that subsidy? >> well, the carriers have also been vocal apple has better usage trends. so when you get an iphone in your hands, although the carriers had to pay a larger upfront subsidy, they also get a higher stream of monthly service contract fees on a go-forward basis, and i think as long as apple can bring out innovative products and drive customer taste, the carriers will have to go al
. >> steve weiss? >> you know, the stock has come down, as you point out, but apple is not without blame here in terms of the decline in the stock. there aren't that many companies that miss three out of five quarters that hold an all-time high price. but one issue i'd like you to address, as john pointed out, what apple gets in terms of subsidies is far above, almost 50% what a better selling phone gets from the phone companies. and verizon was very vocal and has been as is...
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Jan 17, 2013
01/13
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i think steve job's history with pixar had a lot to do with whey they are reluctant. his own thinking became aligned with the people who owned films their view is to keep things restricted in windows. so apple hasn't subscribed to the free flow of the web. >> rose: so meaning steve wanted to sell you what was in his library? >> no, meaning steve respected the traditions of hollywood of only selling things through stern carriers who have very specific rights. it's the whole notion that you see in the theaters for the first month and then it's in hotel rooms and airplanes for a month and then on t.v. >> rose: everybody says that that's going to move away from that. >> i don't know if it is or isn't. >> rose: well people like jeff say it will. >> well, great. but the reason it will move away is because -- >> rose: in other words we'll have one giant opening of movies >> i sure hope so. >> rose: it won't be here then there then there. >> in the meantime -- >> rose: around the world. >> the interesting thing is that young people no longer get a land line at home, they no l
i think steve job's history with pixar had a lot to do with whey they are reluctant. his own thinking became aligned with the people who owned films their view is to keep things restricted in windows. so apple hasn't subscribed to the free flow of the web. >> rose: so meaning steve wanted to sell you what was in his library? >> no, meaning steve respected the traditions of hollywood of only selling things through stern carriers who have very specific rights. it's the whole notion...
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Jan 15, 2013
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that's in the books. >> steve liesman, thank you. facebook's big reveal is about two hours away and the rumors, of course, are flying. could it be a search engine? a phone? we are live at facebook headquarters in menlo park with the latest. then, jean sperling is here with the debt ceiling debate. what that means for the economy as the house prepares to vote on a package for hurricane sandy victims. one republican congressman says we need to consider big budget cuts to pay for that. congressm congressman mick mulvanel will tell us about his big plans. first, we'll talk about facebook. julia boorstin is live with the latest on that. good morning. >> good mormg. i expect 120 reporters and bloggers to be here, to be facebook's big mystery announcement. the social network has done a great job. face book hasn't leaked a thing. i expect mark zuckerberg to unveil a new product, something to improve users''s experience rather than a back-end change. consider the priority that zuckerberg and sandberg are making, i don't think the announcement
that's in the books. >> steve liesman, thank you. facebook's big reveal is about two hours away and the rumors, of course, are flying. could it be a search engine? a phone? we are live at facebook headquarters in menlo park with the latest. then, jean sperling is here with the debt ceiling debate. what that means for the economy as the house prepares to vote on a package for hurricane sandy victims. one republican congressman says we need to consider big budget cuts to pay for that....
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Jan 18, 2013
01/13
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steve was talking earlier about research in motion. it's been thon path to the upside for a while now and so has nokia. nokia has had a little pullback now but they've got china mobile. right now apple, what you're preying on is the second half for apple right now. the new release of a lot of their products. obviously i think their earnings are going to be extremely strong but then what? i think you've got to look a little further out and say this is going to be a second half of the year story for apple. >> don't strong earnings from apple, joe, erase almost all of the questions that are hanging over the street and this stock right now? >> i think they have to be very, very strong earnings. i think that's great commentary by pete. many people including myself are trying to manage this on a day by day basis and market time and i don't think that is what you do with apple. you keep it as an investment. to fully answer your question i think much of the unfolding story for apple that is going to be known is a story that is going to evolve
steve was talking earlier about research in motion. it's been thon path to the upside for a while now and so has nokia. nokia has had a little pullback now but they've got china mobile. right now apple, what you're preying on is the second half for apple right now. the new release of a lot of their products. obviously i think their earnings are going to be extremely strong but then what? i think you've got to look a little further out and say this is going to be a second half of the year story...
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Jan 18, 2013
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steve also. >> hey, bill. >> i'm sure you heard steve go through some of those and you heard steve's characterization. here is the times. they're going through these as we speak right now. they call it a sign of an institution finally lurking into action. is that how you recall it? >> no. i don't think that characterization is fair or accurate. what we did not know but i don't think many others did either, what we did not know is that there were so many banks that had a large, huge portfolios of sub prime paper, long-term, long maturity, sub prime, financed with very short-term commercial paper, a few weeks, and practically no capital. we should have understood that better and we didn't. >> august meeting. you are the first to push for a discount rate cut and liquidity measure. some people calling you prescient today. what were you thinking at the time and how difficult was it to get others to think that way with you? >> well, as i remember, the -- i think the august meeting you have in front of you, i think it was august 7 is what i remember. >> yes. >> that was just before the mark
steve also. >> hey, bill. >> i'm sure you heard steve go through some of those and you heard steve's characterization. here is the times. they're going through these as we speak right now. they call it a sign of an institution finally lurking into action. is that how you recall it? >> no. i don't think that characterization is fair or accurate. what we did not know but i don't think many others did either, what we did not know is that there were so many banks that had a large,...
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Jan 15, 2013
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coming up next, from apple to the flu, we hear from steve koben. and why your neighborhood shopping mall may be on the endangered species list. that's next on "fast." ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> who does steve koben call when he needs a market technician? he calls tom
coming up next, from apple to the flu, we hear from steve koben. and why your neighborhood shopping mall may be on the endangered species list. that's next on "fast." ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't...
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Jan 23, 2013
01/13
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he's steve's hand-picked successor before becoming ceo he ran the factory system. am has two things going for it. they are very important. first of all it makes cool products. that's obvious. the manufacturing know how is second to none. hundreds of millions of devices from revolutionary materials err day. that's what tim cook does best. we'll get all the information after the closing bell this afternoon and have a full wrap-up for you. >> certainly one to watch. thank you, scott. >> time now is 6:32. we'll get rain but christine know, some temperatures across the country, 40 below zero wind chill. >> yeah. let's put it into perspective. we are still waking up in california. close to 50. not bad out there. 5 the degrees. almost 20 degrees warmer this morning than 24 hours ago. we are getting a nice blanket of clouds. this afternoon we'll see soupy conditions. 8 degrees inland and showers move through. 4:00 p.m., 58 bay side. at the coast, 57 degrees. depends on where you live or work on what time the showers are expected. we'll time the system to your doorstep co
he's steve's hand-picked successor before becoming ceo he ran the factory system. am has two things going for it. they are very important. first of all it makes cool products. that's obvious. the manufacturing know how is second to none. hundreds of millions of devices from revolutionary materials err day. that's what tim cook does best. we'll get all the information after the closing bell this afternoon and have a full wrap-up for you. >> certainly one to watch. thank you, scott....
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Jan 22, 2013
01/13
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so steve may be right. may need more -- you may need a beaten race. >> doc, you have a read on what grasso is talking about on the floor here? >> yeah, but i like the underperformer in the group, norfolk southern nse. that's one pete has been talking about lately. over the last three months. kansas city is up about 16, 17% like grasso said. but this one is pretty flat over the last three months. i like it to play catch-up and top see a little rotation out of one end of the cheaper one. >> all right. let's do the biggest pops and drops in midday trading. our first pop is for western dij. >> 4 1/2 highs, judge. it has already traded full session volume today. people continue to like the storage space. i'm one of those people. i like stx as well as wdc. >> murph? cat dropping today. >> caterpillar did kind of a sneaky move. late friday they announced an acquisition they made in china had some bad accounting. i think this works fine. it's a small deal for them. caterpillar is fine. >> j.b. give me the take on n
so steve may be right. may need more -- you may need a beaten race. >> doc, you have a read on what grasso is talking about on the floor here? >> yeah, but i like the underperformer in the group, norfolk southern nse. that's one pete has been talking about lately. over the last three months. kansas city is up about 16, 17% like grasso said. but this one is pretty flat over the last three months. i like it to play catch-up and top see a little rotation out of one end of the cheaper...
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Jan 16, 2013
01/13
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connell: thank you, steve. dagen: just last week we heard apple ceo talk about how important growth in china is to his country. apple is reaching out for a new plan. connell: 15-20 minutes away from the president. his plan for gun control and new measures. on that, the judge is coming in ahead of the president's remarks. george napolitano. let's look at markets with treasuries for you right now. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working t
connell: thank you, steve. dagen: just last week we heard apple ceo talk about how important growth in china is to his country. apple is reaching out for a new plan. connell: 15-20 minutes away from the president. his plan for gun control and new measures. on that, the judge is coming in ahead of the president's remarks. george napolitano. let's look at markets with treasuries for you right now. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a...
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Jan 16, 2013
01/13
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steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how fiscal uncertainties are already hurting the economy. you think the debt ceiling is an issue for down the road? base book suggests an issue for right now. let me get to other issues first and i will get back to that. rebounding from hurricane sandy. holiday sales modestly higher but appear to be below expectations. manufacturing is mixed with the outlook generally optimistic. real estate is up in all districts and real estate growth was moderate to strong in all districts. now we get to the fiscal cliff issues. hiring times are cautious especially for companies doing business in europe and defense. hiring plans specifically delays in six district due to fiscal uncertainties. let me show you individual comments from the districts when it comes to the fiscal uncertainties. real estate contex
steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how fiscal uncertainties are already hurting the economy. you think the debt ceiling is an issue for down the road? base book suggests an issue for right now. let me get to other issues first and i will get back to that. rebounding from hurricane sandy. holiday sales modestly higher but...
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Jan 23, 2013
01/13
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in steve jobs case the former head of palm said jobs told him to stop hiring apple employees. if he didn't, apple would bring expensive patent lawsuitses against palm as punishment. remember, not long ago a palm which no longer exists was a serious competitor in the smart phone business. hired a number of big name apple execs as well. evidence will be heard by federal judge lucy koh, the same judge who sat on the bench during the sam sung trial. she ordered current apple tim cook to testify in the wage fixing case as she decides whether to grant class action status. after the closing bell, all kinds after anxiety. this after reports growth of the iphone is slowing. no matter what they say it will make an enormous amount of money. what investors are worried about is the speed of the growth. that could be slow. >> thank you very much. one to watch. >> keep an eye on apple. let's check in with christina loren talking about time to break out the umbrellas. >> when you walk out the front door you will smell it in the air. the rain is back in the forecast as of this afternoon. we'll
in steve jobs case the former head of palm said jobs told him to stop hiring apple employees. if he didn't, apple would bring expensive patent lawsuitses against palm as punishment. remember, not long ago a palm which no longer exists was a serious competitor in the smart phone business. hired a number of big name apple execs as well. evidence will be heard by federal judge lucy koh, the same judge who sat on the bench during the sam sung trial. she ordered current apple tim cook to testify in...
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Jan 16, 2013
01/13
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steve liesman is in studio. steve, one thing on the daily news, charlie sheen is going to be a grabbndfather. isn't he 47? >> anthony weiner. anthony weiner still spending money out of his campaign account. >> that's legal, right, in the state of new york? >> it is, lawyers and fees. >> among other things. if i see an article about anthony weiner, i read it because of the bell. >> joe is stalling for time. we have 31 seconds. >> i could have asked you a question. i'm saving viewers from one of your answers to a question. i'm kidding. what are we looking for in the cp cpi. >> i will tell michele. i'm note talking to you, joe. it's supposed to be unchanged, food and energy, inflation for the miami is not the problem, if it's the problem now. >> because we're winning! ric rick. >> here we go. survey says unchanged on headline, just as steve pointed out, as expected. strip out the all important food and energy, we're up .1, we look at year-over-year, headline up 1.7, a tenth lighter than last year expectations of 1.
steve liesman is in studio. steve, one thing on the daily news, charlie sheen is going to be a grabbndfather. isn't he 47? >> anthony weiner. anthony weiner still spending money out of his campaign account. >> that's legal, right, in the state of new york? >> it is, lawyers and fees. >> among other things. if i see an article about anthony weiner, i read it because of the bell. >> joe is stalling for time. we have 31 seconds. >> i could have asked you a...
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Jan 23, 2013
01/13
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. >> steve. >> money coming out of apple has to go someplace else. amazon, like it. >> samsung and the whole supply chain. >> one more check on shares on apple, down by just about 10%. the last time this stock was down 10% during the may flash crash on earnings. it was p12008. having an impact on the qs. i'm melissa lee. see you tomorrow at 9:00 for "squawk on the street." "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. going out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, trying to save you a little money. my job is not just to entertain but to educate and put things in perspective. call me at 1-800-743-cnbc. not everything in the market can be explained by cold hard facts. not everything is rational or even cut and dried or it can even be ascertained with close scrutin
. >> steve. >> money coming out of apple has to go someplace else. amazon, like it. >> samsung and the whole supply chain. >> one more check on shares on apple, down by just about 10%. the last time this stock was down 10% during the may flash crash on earnings. it was p12008. having an impact on the qs. i'm melissa lee. see you tomorrow at 9:00 for "squawk on the street." "mad money" with jim cramer starts right now. >>> i'm jim cramer. and...
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Jan 18, 2013
01/13
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thank you very much steve, thank you monica crowley, heavy duty, thank you. michael goodwin tha you, that is it for us, be with us
thank you very much steve, thank you monica crowley, heavy duty, thank you. michael goodwin tha you, that is it for us, be with us
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Jan 21, 2013
01/13
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. >> steve basic. >> mr. speaker -- [inaudible] my constituency is enb during a hideous regulatory fast thanks to the health and safety executive and the european union. the british economy is very reliant on smallnd medium businesses far less able to cope with bad regulation particularly when it's badly administer inside the u.k. >> my honorable friend is absolutely right. businesses large andsml are complaining about the burden of regulation. not just the burden of regular ration from europe -- regulation from europe, but more generally. and that ishy we should be fighting in europe for a more flexible europe and a europe where we see regulations come off. but the view of the party opposite is sit back, do nothing and never listen to the british >> you have been watching prime minister's questions from the british house of commons. watch any time at c-span.org, where you can find video asked by ministers questions and other are just public affairs programs. >> this event has been phenomenal. we have had mor
. >> steve basic. >> mr. speaker -- [inaudible] my constituency is enb during a hideous regulatory fast thanks to the health and safety executive and the european union. the british economy is very reliant on smallnd medium businesses far less able to cope with bad regulation particularly when it's badly administer inside the u.k. >> my honorable friend is absolutely right. businesses large andsml are complaining about the burden of regulation. not just the burden of regular...
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Jan 18, 2013
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lou: steve? >> well, i don't disagree with what he is saying, i don't like language, like the gun lobby as if they are the enemy or the cause of newtown, and i don't like the accusation that president obama wants to take away people's guns, there is good ideas on both sides, let's have a little bit more of practical problem solving in washington, we ought to have guards in every school, our children are vulnerible. lou: the president will be app poe flect tick yoflect tick you. >> you are right. >> we're out of time. >> also good too. thank you very much steve, thank you monica crowley, heavy duty, thank you. michael goodwin thank you, that is it for us, be with us tomorrow, for tonight, good night from new york.
lou: steve? >> well, i don't disagree with what he is saying, i don't like language, like the gun lobby as if they are the enemy or the cause of newtown, and i don't like the accusation that president obama wants to take away people's guns, there is good ideas on both sides, let's have a little bit more of practical problem solving in washington, we ought to have guards in every school, our children are vulnerible. lou: the president will be app poe flect tick yoflect tick you. >>...
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steve. there are twelve cities in the united states in which half of the people with hiv aids lives within a year of a diagnosis of. over six to two percent of patients. with this is a problem that frankly is substantially preventable it was like the big elephant in the room and nobody wanted to talk about there were really good public health campaigns that people were really focused on this problem you know you certainly should be able to have. a lot less human suffering. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. do we speak your language i mean some of the well or not at the end. when news programs and documentaries in spanish more matters to you breaking news a little turn to angles kidneys stories. for you here. in troy the spanish find out more visit.
steve. there are twelve cities in the united states in which half of the people with hiv aids lives within a year of a diagnosis of. over six to two percent of patients. with this is a problem that frankly is substantially preventable it was like the big elephant in the room and nobody wanted to talk about there were really good public health campaigns that people were really focused on this problem you know you certainly should be able to have. a lot less human suffering. you know sometimes...
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Jan 22, 2013
01/13
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that it's what steve jobs did, a visionary inventor. it's rough to say, cook, you should be like jobs. he's a different person, by all indications. the apple television is what we hear about, still very much in humor phase, that could be the next best hit. >> that's really what apple needs to bring it up is give us something we've never seen before. >> i think so. that's harder now because technology has come so far, there's a lot of great players in the game. it's not as easy as it was to wow the world with something we've never imagined. >> more competition now. >> because they have all learned from apple, give them credit for that. >> brian, thanks so much. remember, you can find more of brian cooley's segments on our website, cbssf.com/mornings. thank you. >>> hundreds of blockbuster stores are about to be closed across the country. here is jason brooks. >> dish said it's going to close 300 more blockbusters this year, a loss of 3,000 jobs. dish closed 500 blockbusters last year, after buying the then bankrupt company for $320 milli
that it's what steve jobs did, a visionary inventor. it's rough to say, cook, you should be like jobs. he's a different person, by all indications. the apple television is what we hear about, still very much in humor phase, that could be the next best hit. >> that's really what apple needs to bring it up is give us something we've never seen before. >> i think so. that's harder now because technology has come so far, there's a lot of great players in the game. it's not as easy as it...
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Jan 23, 2013
01/13
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brian, steve? >> brian: talk about drowning in red ink, a new study finding 20 and 30-year-olds at more at risk of dying in debt than are carrying over $5,000 more in debt on their credit cards than their parents did at the same age. >> steve: how can we change this dangerous debt cycle? joining us now from nashville is our best friend in the personal finance expert department, dave ramsey. good morning to you. >> good morning, guys. >> steve: i love this first thing on this chilly day in new york city, for the young people, decide you're sick and tired of being sick and tired, right? >> yeah. don't believe stupid articles like that last one we were referencing that you're going to die in debt. what a hopeless message. the way you get out of debt is you got to get really mad. you got to get sick and tired of being sick and tired. my friend says people change their lives when they finally say, i've had it! that's it. we're not living like this anymore. >> brian: so make the decision and then you'll
brian, steve? >> brian: talk about drowning in red ink, a new study finding 20 and 30-year-olds at more at risk of dying in debt than are carrying over $5,000 more in debt on their credit cards than their parents did at the same age. >> steve: how can we change this dangerous debt cycle? joining us now from nashville is our best friend in the personal finance expert department, dave ramsey. good morning to you. >> good morning, guys. >> steve: i love this first thing on...
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Jan 18, 2013
01/13
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also rick santelli from the cme in chicago and steve liesman is also on set today. howard, did you see ge today? >> i saw the top one. i haven't had a chance to look at the line. >> line above expectations. >> bottom line was -- >> stock is called higher. overall how we doing so far? >> really the earnings season is conforming to expectations. the market's looking for this quarter to verngs up about 7%. operating earnings. let me frame this for you a little bit. 2011, the fourth quarter was actually the weakest quarter for earnings. so the comparison is a little bit easier now, you know, this year versus last year. and this year the fourth quarter is going to be the strongest quarter for earnings. looks like the economy ended the year with a little bit more momentum than many of us have thought. if you ack loot autos, housing, retail sales, industrial production, ongoing improvement and weekly unemployment claims the economy has a little bit of moment up here. more than a little bit. i think that's positive for earnings. and we're seeing that. the earnings season is
also rick santelli from the cme in chicago and steve liesman is also on set today. howard, did you see ge today? >> i saw the top one. i haven't had a chance to look at the line. >> line above expectations. >> bottom line was -- >> stock is called higher. overall how we doing so far? >> really the earnings season is conforming to expectations. the market's looking for this quarter to verngs up about 7%. operating earnings. let me frame this for you a little bit....
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Jan 18, 2013
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regardless of whether or not he invented the internet, brought in by steve jobs in 2003 and given those generous stock options because back then that's what apple stock was trading at. 7 and change. not 700 and change. $7 and change. gore's obviously a patient man waiting so long. is he suddenly buying on dips? well, the options had to be exercised by this march. after ten years, and just in time he got some fast cash. as you mentioned, he netted a reported $100 million in the half billion dollar sale of current tv to al jazeera. "forbes" jokes, quote, i guess the check from al jazeera must have cleared and the man who was worth $2 million in 2000 is now worth $300 million, richer than myth romney but nowhere nearly as rich as michael bloomberg at 25 billion and he's only a mayor. maria and bill, back to you. >> he should have done it last year before the fiscal cliff when the taxes went up. >> actually al gore was pushing them to do the deal before the year closed because he wanted to get the 15% rather than 20. >> missed out. thank you, jane. >> back with the closing countdown. moving
regardless of whether or not he invented the internet, brought in by steve jobs in 2003 and given those generous stock options because back then that's what apple stock was trading at. 7 and change. not 700 and change. $7 and change. gore's obviously a patient man waiting so long. is he suddenly buying on dips? well, the options had to be exercised by this march. after ten years, and just in time he got some fast cash. as you mentioned, he netted a reported $100 million in the half billion...
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Jan 23, 2013
01/13
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. >> to have their own version of steve jobs. an internet this tradition, they sell accessories associated with it, slick user interface, they have tons of followers on their social networking site, that is a company most americans haven't heard of because it is mostly sold in china. liz: everybody remember that. i have looked at all that is happening with investing in money. capital expenditures, you expanded and spend some money in sharp, when will we see it pay off there? >> the money we invested in sharp was for the investment in display technology we have been working on them with. some look at the financial state of some of those japanese display companies and say things must be bad. what we know is they have some great technologies so we are providing technology they have with technologies we have and we are hopeful that can come to the market relatively soon. we haven't made a product launch yet, but that will come relatively soon. liz: what is the number one question you would love to have answered? that would help you r
. >> to have their own version of steve jobs. an internet this tradition, they sell accessories associated with it, slick user interface, they have tons of followers on their social networking site, that is a company most americans haven't heard of because it is mostly sold in china. liz: everybody remember that. i have looked at all that is happening with investing in money. capital expenditures, you expanded and spend some money in sharp, when will we see it pay off there? >> the...
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Jan 17, 2013
01/13
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let's get to steve liesman who has a report on the debt ceiling. >> andrew, thanks. we want to look at the economic effects of the debt ceiling. kind of in context with what each party is saying about it and how investors might put it into a matrix to make up their minds about what is really going to happen with the question. is it a real tragedy or a soap opera? if you look up here, we've graduated this there blue to red, meaning democrat on this, republican on that side. you know, the democrats are starting to say if you go over the debt ceiling, you hit it, calamitous. and you have other words from damaging to manageable, republicans saying we can do this for awhile and it will be okay. i want to look at specific issues here. democrats say any missed government payment is a default. republicans say, no, only when you don't pay the interest on the debt. how about on the issue of can the government prioritize payments so that the incoming cash equals the outgoing cash? really the republicans -- i'm sorry, democrats saying no authority to do this and really no abilit
let's get to steve liesman who has a report on the debt ceiling. >> andrew, thanks. we want to look at the economic effects of the debt ceiling. kind of in context with what each party is saying about it and how investors might put it into a matrix to make up their minds about what is really going to happen with the question. is it a real tragedy or a soap opera? if you look up here, we've graduated this there blue to red, meaning democrat on this, republican on that side. you know, the...
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Jan 23, 2013
01/13
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thank you steve sedgwick. >>> as always, please let us know why you're awake. you can shoot us an e-mail at waytooearly@msnbc or tweet me. still ahead on "way too early," serena williams is stunned at the australian open. she loses to a 19-year-old american named sloan stephens. we'll show you why and how williams lost her cool. >>> and a little steven colbert as he offers his theory on why americans love the british aristocr aristocrats. and more on the frigid temperatures sweeping america when "way too early" comes back. >>> i have asked for this radio and television time tonight for the purpose of announcing that we today have concluded an agreement to end the war and bring piece with honor in vietnam and in southeast asia. my insurance rates are probably gonna double. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cro
thank you steve sedgwick. >>> as always, please let us know why you're awake. you can shoot us an e-mail at waytooearly@msnbc or tweet me. still ahead on "way too early," serena williams is stunned at the australian open. she loses to a 19-year-old american named sloan stephens. we'll show you why and how williams lost her cool. >>> and a little steven colbert as he offers his theory on why americans love the british aristocr aristocrats. and more on the frigid...